CHINA Overseas Land & Investment is considering the sale of a second batch of office units at its Eastern Commercial Centre development in Shau Kei Wan.
However, the launch schedule is yet to be decided.
While the developer expressed satisfaction with the response to the sale of the first batch of units at the new building, it refused to disclose the results of the sale.
The first batch, comprising five of the 24 office floors in the development, was offered for sale at an average of $4,000 to $4,100 per square foot in December.
Tony Yau, manager of China Overseas, said there was a trend among business centres on Hong Kong Island to move eastwards and a growing number of companies were looking for office accommodation in Quarry Bay and Shau Kei Wan.
He said Eastern Commercial Centre commanded sea views and was well-connected to the public transportation network, which would be an attraction to investors and end-users.
The price range for the office units, measuring from 1,126 to 1,470 sq ft, is between $4.6 million and $6.23 million. Whole floor space, measuring 4,064 sq ft, is selling at $16 million to $17 million.